Board of Directors

The Board of Directors' term of office starts at the Annual General Meeting where the board is elected, and ends at the following Annual General Meeting. The majority of the Board members must be independent of the company and at least two members in the said majority must be independent of the company's major shareholders.

Year 2018
Raute Corporation's Annual General Meeting held on March 22, 2018 elected six members to the Board of Directors. As Chairman of the Board was elected M.Sc. (Eng.) Erkki Pehu-Lehtonen, as Vice-Chairman of the Board M.Sc. (Econ.) Mika Mustakallio and as Board Members M.Sc. (Eng.) Joni Bask, M.Sc. (Eng.), Licentiate in Technology Laura Raitio, and M.Sc. (Econ.) Pekka Suominen and M.Sc. (Eng.) Patrick von Essen.

The Annual General Meeting of 2018 set the following remunerations for Board members for the term 2018/2019: EUR 40 thousand to the Chairman of the Board and EUR 20 thousand to Board members.

Members of the Board of Directors 2018

Erkki Pehu-Lehtonen, b. 1950

Chairman of the Board 2009-.
Member of the Board 2009-.
Chairman of the Board's Appointments Committee.
Independent of the company and of major shareholders.

Erkki Pehu-Lehtonen was Senior Adviser to the Board of Pöyry Plc in 2008-2010 and Pöyry Plc's President and CEO in 1999-2008. He was President of Jaakko Pöyry Oy, a subsidiary of Pöyry Plc, in 1996-1999 and Executive Vice President of the comapny in 1994-1996. Before joining the Pöyry Group, he held top management positions at, among others, Neles-Jamesbury, Inc. and Valmet Paper Machinery Inc.

Main simultaneous positions of trust:No simultaneous positions of trust.

Vice-Chairman of the Board 2012-.
Member of the Board 2004-.
Member of the Board's Appointments Committee.
Dependent on the company and on major shareholders.

Finnish citizen.

M.Sc.(Econ.),CEFA.

Principal occupation:
President, MORS Software Oy 2006-.

Mika Mustakallio has been President of MORS Software Oy since 2006 and a bank risk management specialist. Since 2001, as an entrepreneur, he has been creating innovative real-time risk management systems for banks. Prior to this, during the years 1995-2000 he worked at Svenska Handelsbanken as the head of risk control and in 1991-1995 at Price Waterhouse as a consultant.

Main simultaneous positions of trust: No simultaneous positions of trust.

Patcik von Essen was President and CEO of Dovre Group Plc in 2014-2018. Previously has held senior business development and project management positions at Fiskars Corporation (2012–2014), Neste Jacobs Oy (2011–2012), Pöyry Group Oyj (1999–2011) and ABB Service Oy (1998–1999).

Main simultaneous positions of trust:Member of the Board of Directors of Etteplan Oyj 2014-.

Remuneration in 2018: EUR 20 thousand

Attendance at Board meetings in 2018: 12/12

Share-based remunerations: No share-based remunerations

Raute shares on Dec 31, 2018: 100 Raute series A shares

Laura Raitio, b. 1962

Member of the Board 2017-.
Independent of the company and of major shareholders.

Finnish citizen.

Licentiate in Technology.

Laura Raitio was CEO of Diacor Medical Services Oy 2014-3/2017. Prior to that she was Executive Vice President, Building and Energy 2009–2014 and Member of the Executive Management Team 2006–2014, Ahlstrom; Ahlstrom's Senior Vice President, Marketing 2006–2008; Ahlstrom's Vice President and General Manager for Wallpaper & Poster, Pre-impregnated Decor, Abrasive Base in Osnabrück, Germany 2002–2005, and Managing Director of Ahlstrom Kauttua 2001–2002. She has held several managerial positions within Ahlstrom's specialty paper business since 1990.

Main simultaneous positions of trust:
Member of the Board of Directors of Neste Corporation 2011-;
Member of the Board of Suominen Corporation 2015-; Chairman of the Board of Helsinki Deaconess Institute 2017-

Remuneration in 2018: EUR 20 thousand

Attendance at Board meetings in 2018: 12/12

Share-based remunerations: No share-based remunerations

Raute shares on Dec 31, 2018: 1,000 Raute series A shares

Pekka Suominen, b. 1976

Member of the Board 2010-.
Independent of the company, dependent on major shareholders.

Finnish citizen.

M.Sc. (Econ.)

Principal occupation:
Business Manager, Talent Events Oy 2007-2012.

Main simultaneous positions of trust: Member of the Board: FBN Perheyrityspalvelut Oy 2014-; Member, Family business delegation of the Finnish Family Firms Association 2015-; Chairman, Next Level successor activity working group 2016-; Member, Finnish Family Firms Association, Verkotu working group 2018-.

Raute Corporation's Annual General Meeting held on March 28, 2017 elected six members to the Board of Directors. As Chairman of the Board was elected M.Sc. (Eng.) Erkki Pehu-Lehtonen, as Vice-Chairman of the Board M.Sc. (Econ.) Mika Mustakallio and as Board Members M.Sc. (Eng.) Joni Bask, M.Sc. (Eng.), Licentiate in Technology Laura Raitio, and M.Sc. (Econ.) Pekka Suominen and M.Sc. (Eng.) Patrick von Essen.

Year 2016

Raute Corporation's Annual General Meeting held on March 31, 2016 elected six members to the Board of Directors. As Chairman of the Board was elected M.Sc. (Eng.) Erkki Pehu-Lehtonen, as Vice-Chairman of the Board M.Sc. (Econ.) Mika Mustakallio and as Board Members M.Sc. (Eng.) Joni Bask, M.Sc. (Eng.), Master of Laws, MBA Päivi Leiwo, and M.Sc. (Econ.) Pekka Suominen and M.Sc. (Eng.) Patrick von Essen.

Year 2015

Raute Corporation's Annual General Meeting held on March 24, 2015 elected six members to the Board of Directors. As Chairman of the Board was elected M.Sc. (Eng.) Erkki Pehu-Lehtonen, as Vice-Chairman of the Board M.Sc. (Econ.) Mika Mustakallio and as Board Members M.Sc. (Eng.) Joni Bask, M.Sc. (Eng.) Risto Hautamäki, Master of Laws, MBA Päivi Leiwo, and M.Sc. (Econ.) Pekka Suominen.

Year 2014
Raute Corporation's Annual General Meeting held on March 31, 2014 elected six members to the Board of Directors. As Chairman of the Board was elected M.Sc. (Eng.) Erkki Pehu-Lehtonen, as Vice-Chairman of the Board M.Sc. (Econ.) Mika Mustakallio and as Board Members M.Sc. (Eng.) Joni Bask, M.Sc. (Eng.) Risto Hautamäki, Master of Laws, MBA Päivi Leiwo, and M.Sc. (Econ.) Pekka Suominen.

Year 2013Raute Corporation's Annual General Meeting held on April 8, 2013 elected six members to the Board of Directors. As Chairman of the Board was elected M.Sc. (Eng.) Erkki Pehu-Lehtonen, as Vice-Chairman of the Board M.Sc. (Econ.) Mika Mustakallio and as Board Members M.Sc. (Eng.) Joni Bask, M.Sc. (Eng.) Risto Hautamäki, M.Sc. (Eng.) Ilpo Helander, and M.Sc. (Econ.) Pekka Suominen.

Year 2012 Raute Corporation's Annual General Meeting held on April 16, 2012 elected six members to the Board of Directors. As Chairman of the Board was elected M.Sc. (Eng.) Erkki Pehu-Lehtonen, as Vice-Chairman of the Board M.Sc. (Econ.) Mika Mustakallio and as Board Members M.Sc. (Eng.) Joni Bask, M.Sc. (Eng.) Risto Hautamäki, M.Sc. (Eng.) Ilpo Helander, and M.Sc. (Econ.) Pekka Suominen.

Year 2011 Raute Corporation's Annual General Meeting held on April 13, 2011 elected six members to the Board of Directors. As Chairman of the Board was elected M.Sc. (Eng.) Erkki Pehu-Lehtonen, as Vice-Chairman of the Board Researcher Sinikka Mustakallio and as Board Members M.Sc. (Eng.) Risto Hautamäki, M.Sc. (Eng.) Ilpo Helander, M.Sc. (Econ.) Mika Mustakallio, and M.Sc. (Econ.) Pekka Suominen

Year 2010 Raute Corporation's Annual General Meeting held on March 31, 2010 elected six members to the Board of Directors. As Chairman of the Board was elected M.Sc. (Eng.) Erkki Pehu-Lehtonen, as Vice-Chairman of the Board Researcher Sinikka Mustakallio and as Board Members M.Sc. (Eng.) Risto Hautamäki, M.Sc. (Eng.) Ilpo Helander, M.Sc. (Econ.) Mika Mustakallio, and M.Sc. (Econ.) Pekka Suominen.

Year 2009
Raute Corporation's Annual General Meeting held on April 2, 2009 elected six members to the Board of Directors. As Chairman of the Board was elected M.Sc. (Eng.) Erkki Pehu-Lehtonen, as Vice-Chairman of the Board Researcher Sinikka Mustakallio and as Board Members M.Sc. (Eng.) Risto Hautamäki, M.Sc. (Eng.) Ilpo Helander, M.Sc. (Econ.) Mika Mustakallio, and M.Sc. (Eng.) Panu Mustakallio.